Cryptocurrency good or bad for loan?

[satpol_PP]

We sometimes do not and find it difficult to know the needs we have, because of that, it is not wrong to make an investment with funds that are clearly not used and are available, so that when there is a need, the investment we make remains safe and we will not sell it., because, when needed and the price is down of course it is a loss that we will suffer from the investment we have made, we do not want it to happen because of sudden needs because the investment is not from unused funds.

I agree if many suggest that we use and free for investment so that if suddenly there is a sudden need it does not disrupt our investment by selling it, because sometimes the crypto market is very volatile if the price drops we will sell at a loss if there is a need that we must fulfill.

There is indeed no better way if you can use unused funds so that when we need the investment we make, it will not be sold for that need, because as you said, the situation is very volatile, so when we manage it wrongly, and we need, and we sell when the price is down it is a loss that occurs.

That's right when we use funds that are not free, it is likely that when the price drops and there are needs that we must meet, we finally decide to sell at a loss. So the advice from seniors to use unused funds is correct. However, we can also buy coins gradually during the bearish season so that we can have a lot of crypto assets with the DCA method.

[legend45]

Maybe being able to lose the funds we invest in crypto is just an analogy for us to use free funds, because if we use funds that are needed in the short term, it is less suitable for investing in crypto, because the crypto market is very volatile. And using free funds will make someone more focused on investing and trading.
We all know that in crypto, it is difficult to predict prices accurately because sometimes we have made plans and strategies, but suddenly the market does not match our predictions.

In my personal opinion I think when a person want to starting there trading or investing on cryptocurrency they must have to follow a rules in my opinion I said this this is the first thing and first rule of investing in cryptocurrency which is invest as much as you can afford to lose. So there is no way for having loan for investing in cryptocurrency and which you already mention yes people should investing there Idol amount and if I just look about all the biggest trader or the investor those all have their alternative business or job and beside that they do trading. And so I think there is no alternative for investing with the  lazy   fund of ours when we are going to starting trading.

I agree with the first rule of investing in crypto that you said by using money that we can afford to lose, because we don't panic when the market goes down. and remain patient waiting for the market to go back up.
but having money that is not needed and can afford to lose at least we must have income to meet monthly needs so as not to interfere with crypto investment.

[Crypto Library]

I agree with the first rule of investing in crypto that you said by using money that we can afford to lose, because we don't panic when the market goes down. and remain patient waiting for the market to go back up.
but having money that is not needed and can afford to lose at least we must have income to meet monthly needs so as not to interfere with crypto investment.

And this rules is more important when a person entering in crypto for the first time I meant those who were the beginner even then I already mentioned that most of the professional trader who were famous in the world of trading those also doing the same thing. I never heard that any of them taking loan for investing i.e. trading.

And I also seen few peoples around me I mean those are my close people who borrow from me and did trade on future and after losing the fund he also takes lots of time to give my money back and also his situation is became also bad. So these are the real experience to not invest that much you can't afford to lose.

[doc]

I agree with the first rule of investing in crypto that you said by using money that we can afford to lose, because we don't panic when the market goes down. and remain patient waiting for the market to go back up.
but having money that is not needed and can afford to lose at least we must have income to meet monthly needs so as not to interfere with crypto investment.

And this rules is more important when a person entering in crypto for the first time I meant those who were the beginner even then I already mentioned that most of the professional trader who were famous in the world of trading those also doing the same thing. I never heard that any of them taking loan for investing i.e. trading.

And I also seen few peoples around me I mean those are my close people who borrow from me and did trade on future and after losing the fund he also takes lots of time to give my money back and also his situation is became also bad. So these are the real experience to not invest that much you can't afford to lose.

I agree with many people who say do not take loans to invest in crypto, or trade with borrowed money. I agree with you, I also have not heard of any professional traders who borrow money to trade. This is very risky so it is better not to do it.
We invest with free money and not from loans.

[enwi]

I agree with the first rule of investing in crypto that you said by using money that we can afford to lose, because we don't panic when the market goes down. and remain patient waiting for the market to go back up.
but having money that is not needed and can afford to lose at least we must have income to meet monthly needs so as not to interfere with crypto investment.

And this rules is more important when a person entering in crypto for the first time I meant those who were the beginner even then I already mentioned that most of the professional trader who were famous in the world of trading those also doing the same thing. I never heard that any of them taking loan for investing i.e. trading.

And I also seen few peoples around me I mean those are my close people who borrow from me and did trade on future and after losing the fund he also takes lots of time to give my money back and also his situation is became also bad. So these are the real experience to not invest that much you can't afford to lose.

I agree with many people who say do not take loans to invest in crypto, or trade with borrowed money. I agree with you, I also have not heard of any professional traders who borrow money to trade. This is very risky so it is better not to do it.
We invest with free money and not from loans.

Being careful with money is the action that demonstrates accountability for the future. That is why when we decide to invest we feel that money that has been accurately allocated would help to addressed market fluctuations. As you are aware, whenever engaging borrowed cash, it will make life uncomfortable because when trading, there is no guarantee of always being profitable, therefore, the decisions taken are more cautious. In this way, we can accumulate experience and confidence gradually and then be ready for market operation.

[Crypto Library]

I agree with many people who say do not take loans to invest in crypto, or trade with borrowed money. I agree with you, I also have not heard of any professional traders who borrow money to trade. This is very risky so it is better not to do it.
We invest with free money and not from loans.

Right I say something here then I have to also say that I have headed from the professional and the experienced trader that they also make trading by the fund from borrowing he is one of the famous Pakistani trader but I don't really remember his name. But not when he was experienced that time when he invested with the borrowing fund he was very new to the trading and that is also the reason he borrowed and also trade and also he faced huge loss.
These are the real example why not should do trade with the loan or the borrowed fund.

[albon]

I agree with many people who say do not take loans to invest in crypto, or trade with borrowed money. I agree with you, I also have not heard of any professional traders who borrow money to trade. This is very risky so it is better not to do it.
We invest with free money and not from loans.

A few years ago we earn to free money from bounty, airdrop and invest or trade with that money. However, in the current context it is absolutely impossible to earn money for free. which is why those who come to new crypto use loans or sell assets to invest. We all have the same objective to make money from crypto but we forget that it is not easy at all. Many others come from crypto with the intention of getting rich and subsequently fall into a life of debauchery. Investing in crypto with a loan is a big risk because if there is a loss then the original capital will also be lost.

[Gurujebs]

That's right when we use funds that are not free, it is likely that when the price drops and there are needs that we must meet, we finally decide to sell at a loss. So the advice from seniors to use unused funds is correct. However, we can also buy coins gradually during the bearish season so that we can have a lot of crypto assets with the DCA method.

If you look at Defi interaction, you will see that the people that interact with it most of the time is developers and whales. The real u end users aren't using it to borrow funds not supply funds which was the first intention of lending and borrowing, this is because crypto is very volatile and it can affect your plans if you borrow money to do something else.

Imagine borrowing 1BTC when the price was $50k and you have plans that it's going to go down but now Bitcoin is now worth twice that price. The only advantage of borrowing crypto is if the price goes down after you borroq.

[nakmantu99]

I agree with many people who say do not take loans to invest in crypto, or trade with borrowed money. I agree with you, I also have not heard of any professional traders who borrow money to trade. This is very risky so it is better not to do it.
We invest with free money and not from loans.

A few years ago we earn to free money from bounty, airdrop and invest or trade with that money. However, in the current context it is absolutely impossible to earn money for free. which is why those who come to new crypto use loans or sell assets to invest. We all have the same objective to make money from crypto but we forget that it is not easy at all. Many others come from crypto with the intention of getting rich and subsequently fall into a life of debauchery. Investing in crypto with a loan is a big risk because if there is a loss then the original capital will also be lost.

Actually, right now we can still get free money from airdrops and bounties, so if we focus on bounty and airdrop events we can still find capital to invest in crypto. and it is better not to take loans to invest in crypto because the risk is very high. We have to pay installments and interest every month, while the crypto market is very volatile and difficult to predict.

[LogitechMouse]

I agree with many people who say do not take loans to invest in crypto, or trade with borrowed money. I agree with you, I also have not heard of any professional traders who borrow money to trade. This is very risky so it is better not to do it.
We invest with free money and not from loans.

Until now, I still don't understand why people here are discouraging other people to invest into cryptocurrency using loans. I mean is there any bad thing about it? Yes, it's bad if you bought at the wrong time, and you don't have money to use to pay that loan, but if you took a loan, and borrowed during the bear market then in a few years' time, you will end up making profit.

I will speak based on my experience. I borrowed money through a loan on a cooperative here in our place. It's a small amount only since it's the only money that we can afford to borrow and pay through our salaries as well. We borrowed at around 2022. Now 2024, we already paid that loan already and as for our investment? We already made profit from it. The interest of our loan is around 12% per year. The money that we borrowed and used to buy Bitcoin already doubled in just 2 years. Just imagine.

At the end of the day, it's all about timing. Of course, if you bought at the bull market, don't expect too much profit from it, but if you borrowed and bought during the bear market like we did, there's a high chance that your money will double in just 1-2 years. Don't expect short term profits using your borrowed money of course.

[saprakib]

While investing in crypto, many people take loans from banks, but later they have to face difficulties in repaying the loans if there is a loss. How much crypto is needed to manage social life and can it be the only dependent income source of your life?

It is too much risky to take loan by crypto because of its volatility. We have seen the recent price hike if anyone took loon on crypto and repayment is same as the amount of crypto he/she could make a huge amount off loss. If the loan calculate with dollar then it will be on any price. Though market is volatile still he/she not need to pay over amount as he/she received. However the crypto market is always high volatile and i think we need to avoid taking loan it as crypto amount. So that we need to be wise before taking any loan cause we need to pay it again and its always tough to repay if we don’t get much return after taking it. Crypto is great way of transaction and also earning. Except those we may avoid loan it will help us to fall any financial issue.So need to be more careful before using this currency. Hope you all understand.

[albon]

I agree with many people who say do not take loans to invest in crypto, or trade with borrowed money. I agree with you, I also have not heard of any professional traders who borrow money to trade. This is very risky so it is better not to do it.
We invest with free money and not from loans.

A few years ago we earn to free money from bounty, airdrop and invest or trade with that money. However, in the current context it is absolutely impossible to earn money for free. which is why those who come to new crypto use loans or sell assets to invest. We all have the same objective to make money from crypto but we forget that it is not easy at all. Many others come from crypto with the intention of getting rich and subsequently fall into a life of debauchery. Investing in crypto with a loan is a big risk because if there is a loss then the original capital will also be lost.

Actually, right now we can still get free money from airdrops and bounties, so if we focus on bounty and airdrop events we can still find capital to invest in crypto. and it is better not to take loans to invest in crypto because the risk is very high. We have to pay installments and interest every month, while the crypto market is very volatile and difficult to predict.

Actually, I don't want to give any expectations about bounty and airdrop because currently it is very difficult to earn money from them. This year i only made money from the airdrop of a project called dogs which was driven by the new hype of telegram games. I have checked the bounty sector of btt and alt forums a few times but there is no good bounty to work with. btt forum were best for bounty but today everyone lost trust due to promotion of some manager scam project. I have seen most of the new hunters and the old ones have all taken a break from bounty.

[JISAN]

While investing in crypto, many people take loans from banks, but later they have to face difficulties in repaying the loans if there is a loss. How much crypto is needed to manage social life and can it be the only dependent income source of your life?

Crypto is more profitable than all other investments but it is also very risky which is why investing in crypto with bank loan or other loans should not be done.  Crypto investment is much more profitable than business, but even though there is a trend of taking bank loans for business and even if they have the courage to give loans, very few people take bank loans and invest in crypto.

If you invest in crypto, you have to have the ability to lose that amount, so it is not very good to invest in crypto with a loan from a bank with high interest.

[debra]

Yes, every investment comes with risk and volatility is certainly one of the chief characteristics of crypto. Our general objective is to learn how based on well explained strategies we can exploit the existing opportunities without compromising one’s financial status. The mobilisation of funds that do not entail basic needs expenditure is a good strategy of ensuring the right balance between opportunities to make profits and risks that are associated with loss making.

Sometimes crypto investment even has a bigger risk than other type of investment. We know crypto coins are very volatile and hard to predict the price development. Although some coins have proven their quality like Bitcoin or Ethereum, we don't know what will be happening in the future. However, it seems quite safe to invest in crypto as long as we know the right strategy. Yes, a good strategy is needed to gain money in crypto investment. To have good strategy, we must have enough knowledge.

[doc]

While investing in crypto, many people take loans from banks, but later they have to face difficulties in repaying the loans if there is a loss. How much crypto is needed to manage social life and can it be the only dependent income source of your life?

Crypto is more profitable than all other investments but it is also very risky which is why investing in crypto with bank loan or other loans should not be done.  Crypto investment is much more profitable than business, but even though there is a trend of taking bank loans for business and even if they have the courage to give loans, very few people take bank loans and invest in crypto.

If you invest in crypto, you have to have the ability to lose that amount, so it is not very good to invest in crypto with a loan from a bank with high interest.

in my previous comment I also disagree if we borrow from a bank to invest in crypto, because it is very risky.
I agree with your opinion we use money to invest in crypto, where we can lose the money because if we analyze it wrong we will lose our money.
We have to be careful and learn to analyze the coins we buy, that's why many suggest investing in top coins because the risk is lower.